Grandfather Harry moved to New York in early 1900s, created glassworks for Louis Comfort Tiffany. Began developing real estate 1901. Father, Sam,...

Grandfather Harry moved to New York in early 1900s, created glassworks for Louis Comfort Tiffany. Began developing real estate 1901. Father, Sam, expanded in New York City and New Jersey; built LeFrak City in Queens 1959. Richard joined family business in 1970s, became chairman after dad died in 2003. Portfolio includes 5,000 apartments in LeFrak City, 16-million-square-foot commercial, residential, retail complex in Newport, N.J. Newport "mini-city" will soon include 429-room Westin hotel, 2 new residential towers. Diversifying into Los Angeles, London real estate; owns interests in oil and gas wells.